XAUUSD Head and Shoulders Pattern – Potential Bullish Breakout!
Gold (XAUUSD) has formed a Head and Shoulders pattern on the 4H timeframe, signaling a potential bullish breakout.
Key Levels & Observations:
🔹 Neckline Support: $2,900 - $2,880 (Key demand zone)
🔹 Breakout Resistance: $2,920 - $2,940
🔹 Confirmation: A breakout above $2,940 could trigger a rally towards $2,970 - $3,000.
🔹 Invalidation: If price breaks below $2,880, a bearish move towards $2,780 is possible.
Trade Plan:
📌 Entry: Above $2,920 with confirmation
📉 Stop-Loss: Below $2,880
🎯 Target 1: $2,970
🎯 Target 2: $3,000
📊 Conclusion:
Gold is at a crucial decision point. A successful breakout could drive prices higher, while rejection may lead to a pullback. Stay cautious and manage risk accordingly! 🚀
Gold (XAUUSD) has formed a Head and Shoulders pattern on the 4H timeframe, signaling a potential bullish breakout.
Key Levels & Observations:
🔹 Neckline Support: $2,900 - $2,880 (Key demand zone)
🔹 Breakout Resistance: $2,920 - $2,940
🔹 Confirmation: A breakout above $2,940 could trigger a rally towards $2,970 - $3,000.
🔹 Invalidation: If price breaks below $2,880, a bearish move towards $2,780 is possible.
Trade Plan:
📌 Entry: Above $2,920 with confirmation
📉 Stop-Loss: Below $2,880
🎯 Target 1: $2,970
🎯 Target 2: $3,000
📊 Conclusion:
Gold is at a crucial decision point. A successful breakout could drive prices higher, while rejection may lead to a pullback. Stay cautious and manage risk accordingly! 🚀
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.